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Former CBA and ServiceMesh executives charged with fraud in the US

ZDNet

A federal grand jury in Los Angeles indicted former head of Southern California software company ServiceMesh Eric Pulier on Wednesday, along with a former IT manager for the Commonwealth Bank of Australia (CBA). The charges include securities fraud and conspiracy, with Pulier alleged to have bribed CBA executives in order to win a $98 million incentive bonus. Authorities also say Pulier paid about $2.5 million in bribes to the IT manager Joe Waldron and another bank executive Keith Hunter to obtain bank contracts for his company. Computer Sciences Corporation (CSC) entered into an arrangement with ServiceMesh back in 2013, which saw the Pulier-led firm purchased on the basis of its profits. The deals between Waldron and Hunter at the bank pushed up company revenues and triggered the $98 million incentive payout.


In Good Company: Software firm Ramco's 'VA' has his head in the Cloud

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Mr Virender Aggarwal, chief executive of Ramco Systems, knows what it is like to feel the world is collapsing around you. In January 2009, as the top man for Asia-Pacific, Middle East and Africa for Satyam Computer Services, a Big Six Indian outsourcing firm, he was summoned with other top executives to the company's Hyderabad headquarters for what he thought was a routine meeting. Gathered at the Novotel Hotel, he remembers a senior colleague staggering into the room, face ashen and so shaken that the Blackberry phone he was holding fell out of his hands. Dr B. Ramalinga Raju, Satyam's founder and CEO, had just admitted to cooking the company books on a massive scale and gone to the police with his confession. India's biggest corporate scandal had just broken, sending tremors around the world and shaking the nation's much-admired outsourcing industry to its core.


Artificial Intelligence (AI) in Agriculture Market to Surpass USD 2,075 Million By 2024, Globally: Zion Market Research

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According to the report, global AI in agriculture market was valued at around USD 545 million in 2017 and is expected to reach approximately USD 2,075 million by 2024, at a CAGR of slightly above 21% between 2018 and 2024. New York, NY, July 11, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "AI in Agriculture Market by Technology (Machine Learning and Computer Vision), by Component (Hardware, Software, and Services), and by Application(Agriculture Robots, Agricultural Drones, Driverless Tractors, Facial Recognition, Crop Health Monitoring, and Automated Irrigation Systems): Global Industry Perspective, Comprehensive Analysis, and Forecast 2017-2024''. According to the report, global AI in agriculture market was valued at around USD 545 million in 2017 and is expected to reach approximately USD 2,075 million by 2024, at a CAGR of slightly above 21% between 2018 and 2024. Availability of numerous equipment and modern day technologies such as intelligent monitoring system, drones, and robots has made agriculture industry a cusp of technological revolution. Browse through 84 Tables & 28 Figures spread over 144 Pages and in-depth TOC on "Global AI in Agriculture Market 2017: By Technology, Size, Share, Trends, Applications, Analysis and Forecast to 2024".


Gold Nanoparticles Market Size, Trends, Analysis & Forecast 2017-2025

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Factors like growing demand from emerging economies and the inclination towards compact electronic devices and biosensors which utilize nanowires and inks made of gold, are expected to drive the market. The market finds its application in targeted drug delivery, in-vivo imaging, proton therapy, cell & phantom imaging, in-vitro assays, and other applications. The end-uses segment for the market is further divided into electronics, healthcare, catalytic activity, and others. The North American market is chiefly driven by increasing investments for R&D purposes in the field of gold nanoparticles. The Asia-Pacific market is expected to exhibit the fastest growth over the forecast period on account of the increasing demand from countries like Taiwan, China, South Korea, etc. for their manufacturing units of compact devices 5. 2017-2025 CAGR 22.46% Gold Nanoparticles Market Growing at a The global gold nanoparticles market is anticipated to grow at a CAGR of 22.46% over the forecast period of 2017-2025.


October 2017 fundings, acquisitions and IPOs

Robohub

Mapbox, a Washington, DC and San Francisco provider of nav systems for car companies and others involved in autonomous vehicles, raised $164 million in a Series C round led by the SoftBank Vision Fund, with participation from existing investors including Foundry Group, DFJ Growth, DBL Partners, and Thrive Capital. "Location data is central and mission critical to the development of the world's most exciting technologies," said Rajeev Misra, who helps oversee SoftBank's Vision Fund. Element AI, a Canadian startup providing learning platform solutions for self-driving and advanced manufacturing, raised $135 CAD million (around $105 million) in a Series A round (in June) led by Data Collective, a SV-based venture capital firm, and included participation by Fidelity Investments Canada, National Bank of Canada, Intel Capital, and Real Ventures. Ninebot, the Chinese consumer products company that bought out Segway and raised $80 million in 2015, raised another $100 million in a Series C round from the SDIC Fund Management Co. and the China Mobile Fund. Horizon Robotics, another Chinese startup, raised $100 million in a Series A round led by Intel Capital with participation by Wu Capital, Morningside Venture Capital, Linear Venture, Hillhouse Capital and Harvest Investments.